Category: Business

Silicon Valley startup SiFive Inc on Tuesday launched three new products aimed at the automotive market, which is emerging as one of the hottest areas for chip makers with electric and self-driving cars expected to boost the number of chips Read more

Spanish billionaire and Zara founder Amancio Ortega is in talks to buy several warehouses in the United States rented by global firms such as Amazon (AMZN.O) and FedEx (FDX.N) for $905 million, Ortega’s family office Pontegadea said on Tuesday. The Read more

Shares of Rent the Runway (RENT.O) plunged more than 22% before the bell on Tuesday, as more Americans paused their subscription to the clothing rental firm as they feel the pinch of red-hot inflation. Soaring prices of gasoline and groceries Read more

Bayer’s (BAYGn.DE) supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek a renewal of his contract that expires in 2024, Bloomberg reported on Tuesday. Non-executive Chairman Norbert Winkeljohann Read more

Credit Suisse’s (CSGN.S) Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other parts of the bank, its head said in a media interview published Read more

Volkswagen’s (VOWG_p.DE) truck division Traton (8TRA.DE) on Tuesday said some of its divisions were disposing assets in Russia, a move that will cause a 550 million euro ($560 million) loss. MAN Truck & Bus SE and Scania AB, subsidiaries of Read more

The Bank of England looks set to hike borrowing costs by another 50 basis points next week, although it may opt for an even bigger move, a Reuters poll found, adding to the woes of indebted households already facing a Read more